Landscape Capital Management L.L.C. Sells 25,710 Shares of Boot Barn Holdings, Inc. $BOOT

Landscape Capital Management L.L.C. trimmed its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 61.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,178 shares of the company’s stock after selling 25,710 shares during the period. Landscape Capital Management L.L.C. owned approximately 0.05% of Boot Barn worth $2,855,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC lifted its holdings in shares of Boot Barn by 9.4% during the 4th quarter. Barclays PLC now owns 53,669 shares of the company’s stock worth $9,471,000 after acquiring an additional 4,625 shares during the period. Aigen Investment Management LP bought a new position in shares of Boot Barn during the 4th quarter worth about $285,000. Kestra Advisory Services LLC bought a new position in shares of Boot Barn during the 4th quarter worth about $99,000. Maverick Capital Ltd. lifted its holdings in shares of Boot Barn by 199.5% during the 4th quarter. Maverick Capital Ltd. now owns 21,432 shares of the company’s stock worth $3,782,000 after acquiring an additional 14,277 shares during the period. Finally, Bridgewater Associates LP lifted its holdings in shares of Boot Barn by 22.9% during the 4th quarter. Bridgewater Associates LP now owns 8,041 shares of the company’s stock worth $1,419,000 after acquiring an additional 1,499 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BOOT shares. Weiss Ratings downgraded shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Zacks Research downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Piper Sandler reduced their price objective on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Finally, Jefferies Financial Group raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price objective for the company in a report on Monday, April 6th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $230.83.

Boot Barn Stock Down 0.1%

Shares of BOOT stock opened at $170.48 on Monday. Boot Barn Holdings, Inc. has a 12-month low of $133.18 and a 12-month high of $210.25. The company has a market capitalization of $5.17 billion, a P/E ratio of 23.19, a P/E/G ratio of 1.20 and a beta of 1.70. The firm has a 50-day moving average price of $159.63 and a 200 day moving average price of $175.93.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.02. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The firm had revenue of $538.75 million during the quarter, compared to the consensus estimate of $531.44 million. During the same period last year, the firm posted $1.22 EPS. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. As a group, research analysts expect that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current year.

About Boot Barn

Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.

Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.